Bank on brink of collapse after $1b loss
A US bank is on the brink of collapse and its owners are debating whether it can go on after racking up $1 billion in losses.
Banking
‘Cut throat’: Aussie company slashes staff
A firm backed by one of Australia’s major banks has cut teams and a range of roles as the overall economic situation worsens.
Huge tax cut claim after super changes
Labor’s plan to change superannuation has been labelled a “money-go-round scheme for the rich” as tax cuts for high earners remain on the table.
Bank’s warning after grim rates prediction
One of the big four banks has explained their new prediction on when interest rates will drop – and delivered a warning to RBA boss Phil Lowe.
More Stories
Reserve Bank hints at interest rate cut
A further cut to Australia’s record low interest rate could be on the cards, with the Reserve Bank governor dropping a hint in a speech.
Major bank inflicts pain on savers
A big four bank has slashed the savings rate on two main deposit accounts in the midst of the COVID-19 recession.
Sign Aussies are getting back on their feet
Financial stress from the coronavirus pandemic is easing if you take this “good sign for the economy” into account.
Bank bullish about coronavirus outcome
Bank of Queensland says it is well positioned to endure further financial dents caused from the coronavirus health crisis despite major profit falls.
CBA execs get green light for pay hikes
Commonwealth Bank has got the go ahead to increase executive pay, despite fixed remuneration for employees halving and a shareholder revolt.
Credit bureaus reveal virus damage
Credit bureaus warn coronavirus costs will hinder recovery for Australian businesses with a number of companies likely to flag headaches.
Poor performing super funds on notice
The prudential regulator has warned too many Australians remain in underperforming super funds and are paying too much to do it.
Commonwealth Bank unveils new logo
Australia’s largest bank has unveiled a new “lighter, brighter and more dynamic” logo as part of its revamped brand identity for 2020.
Original URL: https://www.couriermail.com.au/business/companies/banking/page/200